Fed wants crypto firms to follow banking rules

The Fed is stripping away stablecoin privacy by demanding bank-level ID requirements, but it doesn't stop there. Governor Michael Barr is already pushing to extend these surveillance rules to secondary market transactions, potentially tracking every peer-to-peer trade. Even more bizarrely, Fed Chair Kevin Warsh abstained from the vote entirely without explanation. Is this the beginning of a total crackdown on crypto's secondary markets? What’s your take on Warsh’s silence?
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